Lol, no it's not code but an accepted "trading term" within the market i.e. buying a stock in anticipation of an event and selling when the event transpires.
This is the Pinkshet market, whereby the large majority have no revenues, no assets and only liabilites...all start-ups, so to speak. Risk vs. Reward, it's all about taking a chance on a Company that has developments and can gain a following. PBHG has already proved that it can generate significant interest.
However, I do see toxic financing here, and this increases the Risk and will ultimately reduce the Reward...it's everybody's choice. The float is still lower than many!
Trade 'em, don't marry 'em
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